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Executive summary
This marketing report for Whitcoulls calculates the businesses present situation by examining the threats, weaknesses, strengths and the macro environment. The analysis of these factors displayed that the opportunities Whitcoulls has would change the image, quality, and market the business currently has. With over 50 stores nationwide and 130 years experience, Whitcoulls has a firm understanding of their market and their competitors. With this knowledge Whitcoulls are able to create a range of products that suit the needs of their diverse target market, which therefore increases their market share in the book industry. A large percentage of Whitcoulls cliental are made up from the low to middle population scale.
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In response to these impacts Whitcoulls offered numerous sales, buy one get one free sales and other alternatives such as customers being able to win prizes by shopping or even winning book vouchers.
Socio-cultural An important socio-cultural trend to remember when analyzing the market for book stores is the 18 to 50’s age group this is because books such as “50 Shades of Grey” with a target audience of adult women that enjoyed the “Twilight” series but are after a more ‘intimate’ storyline (Massey, 2012), and “The Hunger Games” with its target audience of 18-34 year olds (Hinckely, 2012) are selling high and new books of similar content are being published and selling at the same successful rate. As a result, there will be an increase in demand for products aimed at the 18+ target market. Whitcoulls is a community based business and with the recent selling to the Normans they intend to return to being a New Zealand owned and operated store, while also reigniting the tradition of keeping Whitcoulls ‘in the family’ (Scherer, 2011). Whitcoulls is known for its participation in sponsorship and fundraising. For the past 5 years Whitcoulls fundraised for Plunket every Christmas (Plunket, 2012)
Impulse shopping, ease of access to reading and price of the traditional book is something that WHSmith can offer through the variety of stores. It should continue to focus its merchandizing strategy on “offering”, showing “irresistible traditional books”.|StrategyT1/W3 - Centralized authority does not allow for bottom up approach to improvements. Decentralization of the management will allow WHSmith to bring fresh approach to the in-store experience and, thus, attract new client groups.T2/W2 – with strong competition among just a few large chains innovation comes as an essential asset. WHSmith should bring through innovation culture to all the levels of its operations.T3/W1 – customer loyalty is one of the assets that basically does not exist in the book retails. Appearance of e-books even further challenges the stores. To leverage this threat WHSmith should develop –book proposition and look at differentiation in virtual sales.|
Better World Books (BWB) was founded in 2002 as a B corporation, meaning it targets successful performance in three fundamental areas: financial, social, and environmental endeavors. BWB has grown successfully since its creation as a small, socially motivated firm to one of the larger, more successful corporations of its kind. Despite the impressive and inspiring performance and growth through creative expansions, BWB acknowledges the changing conditions of the used book marketplace and is pleased to outline a brief review of current strategy and recommendations for supporting operations moving forward.
The allure of precious metals and the shimmer of precious stones versus the blandness of the essential concepts of life: food, water and shelter, can be a difficult choice for some people. The hypothetical line between what is a need versus a want splits society tenfold, and is a major problem in world civilization today. The choices humans make on a daily basis determine the futures of thousands, so what are the choices in life that are driven by needs and wants? The choices that define needs and wants are greed, the desire to pursue wealth, and the desire to protect one’s self.
In September 2004, Wendy Wiley, the Northlake Bookstore manager, was considering the implications of a shocking development. For the first time in her seven years as the Bookstore manager, textbook sales for this fall had decreased from the prior fall sales. The sales decrease was approximately $180,000, or 3% of annual textbook sales. Wendy wanted to address this problem before it got worse. She found that this sales decrease was due to two emerging technology problems, possibly of equal magnitude: 1) the students’ increasing use of online
Established in 1995, LUSH is dedicated to making fresh, organic toiletries that provide an ethical alternative to traditional methods of cosmetics production. The organization emphasizes handmade, organic products that use natural ingredients sourced in an ethical manner. LUSH has demonstrated its success, increasing the company’s turnover ten-fold within the last 10 years, culminating in a turnover of £326mm in 2012(http://www.ft.com/cms/s/0/5f418594-041c-11e2-9675-00144feabdc0.html#axzz2jfp2LUpW(not work)). There are many ways in which LUSH has capitalized on their market position, foremost being their vibrant brand personality, unique product range, and customer oriented approach to marketing. However, there are
The bookstore industry in the US is comprised of a mix of a few large chain bookstores such as Barnes and Noble and many smaller, private and/or family owned businesses. As far as market size goes, the bookstore industry accumulated approximately $14 billion in annual revenue last year, according to IBIS. The overall industry has been experiencing a decline over the last decade, largely as a consequence of the growing trend of e-commerce, and is expected to continue this trend. Many bookstores have tried to capitalize on the new trend by offering e-readers and e-books.
Through the product range offered and the middle-range price level, WHSmith targets a wide demographic in terms of age, income level and family life cycle. Geographically, the store location catchment is relatively wide due to their prominent locations. Demographically, family gate-keepers and browsing husbands are targeted as they buy children’s books. Women, especially of middle-age, hold the buyer power in the adult book category, as the majority are of income group A or B and they buy for themselves and for others. Women are also the group who buy the most stationery (including mothers purchasing school supplies for their children) as well as students and economic groups A and B. Again women form the customer base for gift wrap and cards, along with the time-poor employed. This analysis of WHSmith’s customer profile in these categories should allow the marketing team to tailor their strategies to
The specialized online retail store, Zappos, was established over eighteen years ago. The founder, Nick Swinmurn, created Zappos.com after he spent an unsuccessful day shopping for shoes both in store and online. Nick’s irritation and annoyance of his shopping experience prompted him to focus on creating an online shoe store that offered a large selection of shoes, as well as providing great customer service. Since launching Zappos.com, the company has seen enormous progression including a union with another online leader, Amazon (About Zappos, n.d.).
In contrast to Borders Group, Barnes & Noble which is a leading bookstore in the US recorded an 11% increase in their share value in the past year with the introduction of their e-book reader “Nook”. It is clear that Barnes & Noble were not “Myopic” in their approach and were able to retain and even grow their customers as well as profits by embracing a new product.
After acquiring the Australasian and New Zealand businesses of the second-largest United States bookstore chain Borders[2] (“Whitcoulls ' Borders bid cleared”, 2009) in 2008 the Whitcoulls Group obtained access to a high demographic serious books market niche (“Whitcoulls widens”, 2008). As a result, the Whitcoulls Group operates 90 stores across New Zealand (“Whitcoulls finally picks”, 2007) accounting for up to 45% of the book retail market (“Whitcoulls widens”, 2008). Further to the existing dominance in all the CBD areas, Whitcoulls is planning to expand into small-town areas starting from Te Awamutu, Richmond and Ashburton (“Booksellers ready”, 2008).
XYZ Company is a popular book chain. The question to answer by the analysis is there is a reduction in sales of hardcover and paperback books since the release of the electronic reading devices available. Continuing the analysis from the previous weeks, Team A researches Barnes & Noble data collection techniques and performs further analysis. In reviewing the analysis data, the Team is able to explore potential challenges that can come from the validity and reliability of the questionnaire survey. The Team explores steps to overcome these challenges and adding it into the general response types. Thereafter, the team is able to classify the findings in order of power.
1 -‐ -‐ -‐ -‐ -‐ Hard Copy Heritage Value: “Best Sellers” and Classic in this Print Form will increase in value with time and become legacy/heritage items for families, personal collecting -‐ Hard Book Copies will not go away and will be much like the Vinyl 33 in the record industry. Innovate and create their own direct path to market – Publishers can avoid and eliminate middle players (Amazon, Apple, etc.) and go directly to customers through social media channels – a home page on web, tweeter, Facebook can be used for promotion, sales, and distribution of Publisher end products for quicker and more direct sales – moving away from mortar and bricks to on-‐line methods.
Books, a source of entertainment, education and interest, have been around for hundreds if not thousands of years. Books are widely used at schools, in the workplace and at home, but the recent information age has the taken the world by storm, with the introduction of tablets, e-books and kindles which all provide a convenient use of ‘books’. People’s change in lifestyle and tastes comes with a craze over technology, which begs the question that; are hard copy books that are sold in high street retailers at risk of being extinguished by online resources of books? Or will the long-standing book hold too much sentimental and historical value? This report aims to identify and discuss upon whether High Street retailers and online
Barnes and Nobles is one of the biggest bookstores that has a brick-and-mortal store concept. In the past they were know as a “big bully” that drove small book stores to close down because of their aggressive tactics to have competetetive advantage over them. Nonetheless, with the evolving circle of technology they have had a hard time in keeping up with the E-book era. In 2014 E-books increased its reader subscription by 28% compared to 23% in 2013. This number will continue increasing because 50% off American’s have access to devices that are either an e-reader or a tablet. B&N changed its business model to adjust to this new setting before it suffered a
One of the major problem that I encountered was the problem of book sales. I had to sell twenty copies of my book in a short timescale. However, by reading forums and people 's blogs, I realised that selling twenty books might be more difficult that I thought it would be. Indeed, apparently a lot of people are selling one or two books per week, even if the book is at only 0,99 euros (kdp.forum, 2011). But obviously, marketing is playing an extremely important role, and it also depends on the genre of the book.